March 17, 2005

Blackberry settles dispute

by brian_turner

blackberry.jpg

Shares in Research In Motion, makers of the iconic Blackberry, rose 18% after a long running patent dispute with Canada-based RIM was settled yesterday.

RIM had alleged infringement of a number of its patents, including on its use of radio technology, and was upheld by the appeal courts in a $450m (£233m) ruling.

Blackberry already have over 2 million users of its e-mail device, with revenues of $365.9 million over the past year generating $90.4 million in profits.

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One Response to “Blackberry settles dispute”

  1. Platinax News » Blackberry settles with RIM on March 4th, 2006 2:18 pm

    [...] The case has been something of a drama in the technology world, and dragged on after an earlier settlement for $450 million fell apart. [...]

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